The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-10-03

is not like a lot of farmers selling
their crops and paying the money
out for supplies. These forty or
forty five millions are to be paid out
very largely for town lots and other
unproductive schemes, and in my
belief when the time comes there
will be very great anxiety to sell
out and unload-a very strong desire
to avoid the payment Of the install
ment. Then WHAT"
oh" said listener, I'm not
scared. A hundred thousand East
ern men are coming in here this
winter with money in their pockets.
They'll give the boom a new life"
MAY be So" said the first speak
er, "but / don't believe it. /
wouldn't advise an Eastern man to
buy even farming land in Southern
California at present prices. Every
thing down here is up in the all.
You'll see that the Eastern ti1e will
rush up into the northern part of the
State, unless they ere fools enough
UP there to get up a boom, too /
was alown in Lower California the
otheY day TO look around, and in the
hotels at Ensenada you may see lots
of our own people, Los Angeles,
Riverside, San Bernardino men,
farmers from Santa Barbara county
and San Louis, and all over the San
Joaouin-men that will tell YOU that
the high prices have driven them
out, they have sold out, or they
couldn't afford to buy, aud they are
in Ensenada looking for cheaper
lands, such as man can afford to
own and get profit from cultiyat-
ing.
BooMs RUIN THE MARKET.
YES, there are good lands down
there. | don't think the Interna-
tional Company are selling very
cheap, but their prices are so much
lower than anything up here that
if this boom should last much longer
they will easily get large popula-
ton down there OF our own people,
driven out by high prices, and East
ern men, who are not all fools. Then
a still greater tide will 60 north, In
the country north Of Sacramento in
this State prices are still reasonable.
A lot Of rash men are trying TO get
boom up in that part OF the State
they don't see that their game is to
keen quiet and by reasonable prices
invite the tide Of Eastern people W
there. II they make q boom w
there they will ruin their market
There are lots of good lands-as
good as any in the State-north OF
Sacramento, more water, a climate
as good as anyone needs, and the
high prices down here are sure Il
force Eastern men TO look up there
very soon. A good many are turning
their attention that way now"
If it is true, as this gentleman be
lieyes, that between now and tn,
LIST of January $4,000, 900 will hav,
TO be paid out as installments du,
on real estate transactions, the great
err part Of which are speculative, tn,
collapse draws near. In the opinion
of many Caliiornians the sooner thu
better for the real interests OF tn,
State. OF course a collapse in specu
lation will bring down prices OF pro
ductiye property also, for a time, bu
il is generally ACKNOWLEDGED here tina
the prices asked for farming ant
orchard lands are a good deal to-
high in all the southern halt OF tn
State. Orange land, with abundan
, water assured, may be worth. II yer
/, favorably located, 1900 to 800 q
acre, but such land has of lat
changed hands at 800, $500 an
even $1,000 an acre. Wheat land, I
. for nothing but grain, has been sol
; at $3.50 TO 900 an acre; raisin Ian
has gone of readily at $3.50 TO $iC
, per acre. Such prices ought to rep'
4 bona fido purchasers.
T CAUSES FOR LowERPRIcEs OF LAM
G The area OF land suited by climat
: and other conditions to the cultui
: of oranges, olives, prunes, apricot
. walnuts and other specially profit
\ able fruits is constantly widening
y this State, as experiments are mad
o in places further north. The climai
s Of the foothills is favorable TO mar
j Of these fruits, north Of Sacrament
J.. At present, Of the $4,000 oran.
d trees planted in this State Los Al
c geles county has 10000, and "a
C Bernardino county has 2l4,0OO. b
IS Butte and Placer counties, lyiI
n north Of Sacramento, have l4,OO
I. and the olive culture seems 10
J. spreading all over the State.
e For the very best orchard lands
e exceptionally high price will alwal
be obtainsble; but il is now a settle
fact that the area iairly we'll adapt
'i to the growth Of such fruits Is mu'
greater than was suspected son
rs years ago, and il follows that the
D. is no corner" in such lands, al
10 prices are more apt, in the long ru
70 10 fall than 10 rise. Nor does q
in ruling prices Of wheat during 4
&c last two or three years in the world
market encourage rise in the pril